U.S. Economy

The private sector could take care of itself if the government would just leave it alone.

Recorded at Jekyll Island, Georgia; 27 February 2010.

Recorded at Jekyll Island, Georgia; 27 February 2010.

Recorded at Jekyll Island, Georgia; 27 February 2010.

Recorded at Jekyll Island, Georgia; 26 February 2010.

"There is no such thing as a nonspeculative investment.… In a changing economy action always involves speculation. Investments may be good or bad, but they are always speculative."

"The more these readjustments are delayed," Rothbard explained, "the longer the depression will have to last, and the longer complete recovery is postponed."

All that stimulatory policies can do is redistribute real savings from wealth-productive to nonproductive activities."

The science of human action is mental and aprioristic, it is the product of a logical analysis of the categories implied in different modes of action.

We can understand the reaction today to people calling to "end the Fed."